739 CIBIL Score - Is it good or bad?
A 739 CIBIL score is considered good in India and reflects responsible credit management. This score indicates a trustworthy credit history, making it easier to qualify for loans and credit cards. While it falls just below the "excellent" range, a score of 739 typically enables access to favourable terms, though slightly higher scores may unlock even better offers from lenders.
How to improve your 739 CIBIL Score?
To improve a 739 CIBIL score, focus on timely payments and reducing outstanding balances on credit accounts. Keeping your credit utilisation low and avoiding multiple new credit applications can also positively affect your score. Regularly monitoring your credit report for any errors ensures accuracy and gradual improvement, helping you qualify for the best possible financial products.
How does a 739 CIBIL Score impact interest rates?
A 739 CIBIL score often attracts competitive interest rates from lenders. While this score demonstrates good creditworthiness, some lenders may offer slightly lower rates for scores above 750. Borrowers with a 739 score can generally secure favourable loan and credit card terms, although achieving an "excellent" score may further reduce interest rates.
